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By Gene R. Abercrombie, Esq. After years of consideration, Ohio lawmakers finally passed legislation addressing real estate wholesalers. However, the bill does not go as far as some in the real estate industry would have liked. Senate Bill 155 defines the term “wholesaler” and requires wholesalers to make certain disclosures to property owners. If those […]
By Gene R. Abercrombie, Esq. Ohio property owners have the right to challenge the value assigned to their real estate for real property tax purposes. County auditors conduct full reappraisals every six years and triennial updates in between. Lucas County completed its most recent revaluation to reflect market conditions as of January 1, 2024 (with […]
New federal rules requiring increased reporting for certain all-cash real estate transactions are designed to crack down on money laundering and boost transparency in the market, meaning buyers and sellers working through entities like LLCs or trusts should be prepared for added documentation and closer scrutiny in Toledo closings.
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